There has been over building of tract homes and a contracting of credit. If those are the type of homes you are interested in then until inventory declines prices will be weak. That doesn’t mean you can wait forever to buy if you are interested. At some time, not too far off, those who can buy will.
And RE is different than the stock market with regard to timing. It doesn’t move as fast. However, the psychology behind buying and selling RE and the stock market are quite similar. It seems many here want to buy but are waiting for the bottom tick. They may miss out.
